Cross-posted at emptywheel
Michigan and Chrysler have about 2 weeks to get JP Morgan Chase to renegotiate Chrysler's debt--or 300,000 people will lose their jobs. To pressure JP Morgan to negotiate, FDL and Progress Michigan are calling on people to boycott Chase.
JP Morgan Chase wants to push Chrysler into bankruptcy so it can jump the line ahead of retirees and US taxpayers to get paid back.
If JP Morgan Chase does that, 300,000 people will lose their jobs.
That's sorry thanks we get from a company that has gotten $25 billion in TARP funds from American taxpayers--plus billions more in other benefits from the Wall Street bailout.
My husband and I decided the only way to pressure JP Morgan Chase to negotiate in good faith with Chrysler was to close our Chase accounts. We want our money to go to a bank that is investing in rebuilding Michigan--not bankrupting it.
Join the FaceBook group
Find your Michigan Chase branch and close your account
Update: Progressive radio host Nancy Skinner--who drives a Chrysler and lives in Michigan--is going to join the boycott and close her two Chase accounts. She will have Jane Hamsher on her show today, at 3PM ET, to talk about this action.